Archive for January 2015 announcements

We’ve invested in peer-to-peer lender Harmoney

Written by Paul in General at 12:00pm, Mon 12 Jan 2015

Just a quick announcement to let you know that we have invested in lending platform Harmoney, New Zealand’s first peer-to-peer lending company. Trade Me has acquired a 15 per cent stake.

Peer-to-peer lending is where investors loan money directly to unrelated borrowers via an online platform, rather than the lending occurring via a traditional financial institution like a bank.

Harmoney was founded in July 2013, and is led by consumer finance entrepreneur Neil Roberts. It is currently the only licensed peer-to-peer lender in New Zealand. More...